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Vanessa Hayes is Gisborne's local Advisor specialising in:
Residential property investments as an option for client's investment portfolio's.
Vanessa provides one-on-one investment presentations in her office at 79 Childers Road, Gisborne.
Call or email to book your presentation time.
Please phone 868-7588 or
Email: 
You will learn how:
- to unlock the fortune in your greatest asset without putting the family home at risk
- this perfectly tailored investment suits today's economic environment
- to deal in the most secure type of investment
- we take care of all the details
- a smart idea, well managed, can gain an exceptional return
Will KiwiSaver Make a Difference For You?
It's been a topic of debate for some time that New Zealanders need a tax break to encourage saving. "KiwiSaver" is a kick start option for many as the only option for future financial independence?
What is KiwiSaver?
KiwiSaver was announced in Budget 2005 as part of a package designed to increase the level of savings by New Zealand households and help New Zealanders support themselves financially in retirement. KiwiSaver started on 1st July 2007.
How Kiwisaver works?
KiwiSaver is a new voluntary, work-based savings scheme. It aims to encourage New Zealanders' savings habits and asset accumulation. Employees will be able to elect to have a portion of their income deducted and paid to their Kiwisaver account. Contributions ranging from 4% to 8% will be deducted from employees' pay before tax.
The Inland Revenue Department will hold the contributions for an initial three-month period while members seek financial advice and choose a KiwiSaver scheme. KiwiSavers can also make a one-off withdrawal towards a deposit on their first home after they've been contributing for three years. Some schemes will also allow for a "mortgage diversion." This means KiwiSavers can elect to have part of their contributions go towards paying off their home. Although funds are "locked in", savers can take a break for up to five years at a time by applying for a "contributions holiday." Contributions resume at the end of the holiday unless the individual applies for a further break. A KiwiSaver needs to have been contributing for 12 months to apply for a contributions holiday, except in cases of financial hardship.
The Government will:
make an upfront contribution of $1000 per person, to be "locked in" until the recipient reaches the age of eligibility for NZ Superannuation or for five years, whichever is the greater.
make an annual contribution to each member in relation to fees charged by the provider.
after three years of saving, offer a first home deposit subsidy of $1000 per year of membership in the scheme, up to a maximum of $5000 for five years.
Tax exemption?
From 1 July 2007 employer contributions to KiwiSaver schemes will be tax exempt, but capped at a rate which is the lesser of the employee's contribution or 4% of their before-tax salary or wages.
Questions to consider
Will the tax exemption offer be enough to change my savings habits?
Am I able to develop a long term savings discipline?
Will having money "locked in" still allow me the financial flexibility I may want in the future?
If I elect part of my savings to be paid towards my mortgage, how will this affect my long-term retirement income?
Will the deposit subsidy make a difference to my ability to obtain property finance?
Considering my specific circumstances, will any amount of saving really benefit my future?
How much money will I need for my retirement?
Should I now only look towards KiwiSaver or should I still look at spreading my investments?
If the government changes the age for NZ superannuation eligibility, how will this effect my planned retirement?
Am I confident that the government won't change the rules to my disadvantage?
Seek Advice
Having a retirement plan that is specifically structured towards what you want to achieve is critical for success. Take the time to talk with your Financial Adviser and discuss investment options best suited to you.
This is your financial future and only you have the greatest control over the outcome.
Call us today and let's talk about a plan to help achieve and
protect your retirement income!
please call me or the team on:
Ph 06 868-7588, or
email me on:
Vanessa Hayes
Registered member and
Fellow of the Life Brokers Association
LIFEBROKER Services Ltd.
79 Childers Road
P O Box 238
Gisborne.
Disclaimer :- We do not guarantee the accuracy, completeness or fairness of information herein. The views expressed in this briefing are not necessarily supported by LIFEBROKER Services Ltd., its associates, advisers or employees. This information does not in any way constitute a recommendation and should not be acted upon without first obtaining professional advice from Vanessa Hayes.
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